Gold Technical Analysis August 25, 2021
The Gold declined 1.14% against the USD on Tuesday and closed at 1802.85. Today in the Asian session, while Gold technical Analysis August 25, 2021 is preparing at 5:45 GMT, the XAU/USD trading at 1794.50, which is 0.47% lower from Yesterday’s close.
The Gold is expected to find support at 1795.00, and a fall through could take it to the next support level of 1786.00. The pair is expected to find its first resistance at 1797.00, and a rise through could take it to the next resistance level of 1801.00. Today’s expected trading range is between 1775.00, support and 1809.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1792.00
Support 2: 1786:00
Support 3: 1775:00
Important resistance levels:
Resistance 1: 1797.00
Resistance 2: 1801.00
Resistance 3: 1809.00